WHEN it comes to having extreme wealth and power, Michael Platt is quite literally at the top of his game.Who is UK's richest man Michael Platt?started investing when he was just 14My gran's bday gift sparked my career - now I'm worth £11.5bn, says Mike Platt
He switched courses after a year because he found the course boring, and instead read mathematics and economics at the London School of Economics.in the newly privatised utilities but his stock lost half its value in a single day during the crash of October 1987. After graduating from university, he joined JP Morgan, where he gained a number of promotions before he founded BlueCrest Management.It is not known if Platt is currently in a relationship but he has been married before.
During their time together they welcomed two children together, with his son Marcus now following in his father’s footsteps and working for BlueCrest.The businessman spends a lot of his vast wealth on art.A painting of the levitation of St John the Baptist.Platt has made his money thanks to his hedge fund company BlueCrest.Unlike most hedge funds that cater to external clients, Platt's company operates as a personal investment vehicle for himself, his senior partners, and employees.
The questionable tactics occurred more than a decade ago when BlueCrest was in the process of converting to a private investment partnership which no longer managed externalThe UK’s Financial Conduct Authority made similar allegations, handing out a £40.8 million fine to BlueCrest in 2021 "for conflict of interest failings", which the company denies and is challenging legally.